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20 Tips from 20 Years!
TMA has worked with hundreds of small businesses and our team has nearly 200 years of combined professional experience.
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2020 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020. Keep in mind that this...
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Why Do Partners Often Report More Income on Tax Returns than in Cash?
If you’re a partner in a business, you may have come across a situation that gave you pause. In a given year, you may be taxed on more partnership...
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10 Low-Cost/No-Cost Ways to Add Fun to the Workplace
Looking for low or no-cost ways to bring a little fun into the workplace and tell your employees that you value them? Here are 10 ideas that might...
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5 Mid-Year Tax Planning Ideas for Small Business Owners
The second half of 2020 has begun. What steps can small business owners take today to lower taxes for the current tax year? Alternatively, would it...
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6 Key IT Questions to Ask in the New Normal
The sudden shutdown of the economy in March because of the COVID-19 pandemic forced many businesses to rely more heavily on technology. Some...
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Haven’t Filed Your 2019 Business Tax Return? Chip Away at Your Bill
The extended federal income tax deadline is coming up fast. As you know, the IRS postponed until July 15 the payment and filing deadlines that...
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Payroll Protection Program Flexibility Act
Visitors, please read: The Payroll Protection Program Flexibility Act (PPPFA) was signed into law on June 5, 2020. In general terms, the Act allows...
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SBA Reopens EIDL Program to Small Businesses and Nonprofits
Just last week, the Small Business Administration (SBA) announced that it has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance...
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PPP Flexibility Act Eases Rules for Borrowers Coping with COVID-19
As you may recall, the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) back in April to help companies reeling...
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Is it Time to Reopen Your Business? 10 Questions to Ask Yourself
Businesses across America that have been shut down due to the novel coronavirus (COVID-19) pandemic may now (or soon) have the option to reopen....
2 min read
How to Succeed at Virtual Team Building
Thanks to affordable technology, more and more companies have been allowing employees to work remotely in recent years. It’s become feasible to...
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COVID‐19 Safety Action Plan
Visitors, please read: We have adopted a COVID‐19 Safety Action Plan consistent with the State of Indiana’s “Suggested Guidelines for Professional...
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Tax Developments for Employers Impacted by COVID-19
As you may know, the President recently signed the Families First Coronavirus Response Act (FFCRA) and Coronavirus Aid, Relief and Economic Security...
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What are the Key Distinctions Between Layoffs and Furloughs?
As businesses across the country grapple with the economic fallout from the novel coronavirus (COVID-19) pandemic, many must decide whether to...
4 min read
Tax Provisions of CARES Act for Businesses – April 1, 2020 Update
Employee retention credit for employers Eligible employers can qualify for a refundable credit against, generally, the employer’s 6.2% portion of the...
3 min read
Tax Provisions of CARES Act for Individual Taxpayers – April 1, 2020 Update
Recovery rebates for individuals To help individuals stay afloat during this time of economic uncertainty, the government will send up to $1,200...
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Using Your Financial Statements During an Economic Crisis
The economic fallout from the coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations and make difficult decisions....
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Federal Government Tax-related Actions Taken to-date Regarding COVID-19
Right now, your highest priority is the health of those you love and yourself. But if you have time to read about some non-medical but important...
Assistance with Applying for SBA Disaster Loans
In response to the coronavirus crisis, TMA is helping small business owners apply for SBA Disaster Loans. We have developed a process to help clients...
Tips for Our Restaurant Clients During Covid-19 Outbreak
As a restaurant owner, you and your people provide a critical service in our community. Especially now, we want to extend our help.
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Ten Action Items that Business Owners Need to Do Now – March 20, 2020
We are urging business owners to develop an aggressive plan to manage through this crisis. Below are ten important items to be considered in that...
3 min read
New Law – Families First Coronavirus Response Act (FFCRA) – March 19, 2020
Last night, the President signed The Families First Coronavirus Response Act (FFCRA) into law. While the accounting profession is still learning the...
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Government’s Response to COVID-19 – March 18, 2020
We continue to monitor news regarding the government’s response to the COVID-19 outbreak and want to keep you updated on what we know now.
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Temporary Process Changes – Coronavirus (COVID-19)
Our thoughts are with those who have been directly affected by the coronavirus (COVID-19) outbreak. Our top priority is the safety of our employees,...
5 min read
The Wayfair Burden on Small Businesses
The Supreme Court’s 2018 ruling in South Dakota v. Wayfair has had momentous ramifications across the board as states, tax practitioners and...
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7 Valuable Tax Credits for Small Businesses
Many people are familiar with tax credits for individual taxpayers, such as the credits for higher education expenses or the child tax credit. But...
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Numerous Tax Limits Affecting Businesses Have Increased for 2020
An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be...
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Do you Want to Go into Business for Yourself?
Many people who launch small businesses start out as sole proprietors. Here are nine tax rules and considerations involved in operating as that...
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Look Closely at Your Company’s Concentration Risks
The word “concentration” is usually associated with a strong ability to pay attention. Business owners are urged to concentrate when attempting to...
1 min read
Numerous Tax Limits Affecting Businesses have Increased for 2020
An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be...